Multiple Bullish Flags Point To $1 For Dogecoin
Even as Dogecoin struggles below $0.20, its committed investors still want it to trade above $1. Dogecoin has improved in recent days, rising 2.1% in 24 hours and 17% in 7 days despite its low pricing. Technical settings suggest Dogecoin may be laying the ground for a greater rally that might achieve the long-awaited $1 milestone.
According to Asghar's chart, a flag breakthrough might lead to a rapid surge toward $0.22. He believed the pattern meant “time to shine for Doge” and that Dogecoin was about to travel “straight to the moon.”
DOGE is consolidating in a bullish channel that started in 2024, according to the analyst's chart. After the latest correction, the price looks to have found good support at the channel's bottom border.
The expert forecasted a measured advance from the rebound to $0.44 and a long-term estimate of $1.09 using 1.618 Fibonacci extension. The setting implies that bullish momentum might make $1 a technical possibility.
Trader Tardigrade, a prominent Dogecoin trader and analyst, saw a bullish MACD crossing on the 3-day period chart. In his message, he noted that Dogecoin had finished its last retreat and that the MACD crossing confirmed a positive turnaround. Lower period structures are harmonizing with this momentum, preparing for a protracted rise.
The MACD chart he posted indicates three instances of significant market surges after similar crosses. After each crossing, Dogecoin rose aggressively for weeks. Following the meme coin's recent good price activity, Tardigrade predicts a big increase that might exceed $1.30 if momentum continues. His chart's upward prediction matches recent significant rallies.
The current DOGE price is $0.1862. A definitive closing above $0.20 and a resumption of strong positive momentum throughout the crypto market would lead to the $1 goal.
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